The country has banned Bitcoin transactions, so you cannot exchange cash domestically and need to go to overseas platforms for transactions.

1. The abbreviation of digital currency is DC?, which is the abbreviation of "Digital Currency" in English. It is an alternative currency in the form of electronic currency. Digital gold coins and cryptocurrency are both digital currencies.

Digital currency is an unregulated, digital currency that is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking Authority defines virtual currency as: a digital representation of value that is not issued by a central bank or authority and is not linked to a legal currency, but which, because it is accepted by the public, can be used as a means of payment or can be transferred, stored or traded electronically. .

2. According to the relationship between digital currency and the real economy and real money, it can be divided into three categories:

1. Completely closed and has nothing to do with the real economy. And can only be used within specific virtual communities, such as World of Warcraft gold;

2. It can be purchased with real money but cannot be exchanged back to real money, and can be used to purchase virtual goods and services, such as Facebook credit;

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3. It can be exchanged and redeemed with real currency at a certain ratio. You can purchase virtual goods and services, or real goods and services, such as Bitcoin.

3. The process of digital currency trading through the platform is as follows:

1. Investors must first register an account and obtain a digital currency account and a US dollar or other foreign exchange account.

2. Users can use money in their cash accounts to buy and sell digital currencies, just like buying and selling stocks and futures.

3. The trading platform will sort the buy requests and sell requests according to the rules and start matching. If the requirements are met, the transaction will be completed.

4. Due to the difference between the buy and sell volumes submitted by the user, a buy or sell request may be partially executed.

IV. Features:

1. Low transaction costs

Compared with traditional bank transfers, remittances, etc., digital currency transactions do not require a third party Payment fees and transaction costs are lower, especially compared to cross-border payments that require high fees from payment service providers.

2. Fast transaction speed

The blockchain technology used in digital currencies is decentralized and does not require any centralized institution similar to a clearing center to process data and transactions. Processing speed is faster.

3. High degree of anonymity

In addition to the fact that physical currency can realize point-to-point transactions without intermediary participation, one of the advantages of digital currency compared to other electronic payment methods is that it supports Remote peer-to-peer payment does not require any trusted third party as an intermediary. Both parties can complete transactions without trusting each other without trusting each other. Therefore, it has higher anonymity and can protect the privacy of traders, but at the same time It also creates convenience for cybercrime and can easily be used for money laundering and other criminal activities.